Qatar seeks property investment in the Americas

Qatari Diar Real Estate Investment Company said it will open a regional office in Washington DC later this year to pursue new strategic investments throughout the western hemisphere, Gulf Times reported.

“Qatari Diar’s new regional base will manage existing projects and explore other strategic investments within the region,” Khaled Mohamed Al Sayed, Group CEO of Qatari Diar said. The office will be in the City Center DC complex, Qatari Diar’s flagship North American development currently under completion, in conjunction with Hines. Designed by Foster and Partners, City Center DC is a 148,000-square-meter urban redevelopment in the heart of downtown Washington DC.

Qatari Diar is also a part of the joint venture developing Panama Pacifico on the site of the former Howard Air Force Base in Panama.

The success of the City Center project, together with Qatari Diar ‘s project in Panama, has encouraged Qatari Diar to look for additional opportunities in the Americas, according to Al Sayed.

“The new base in the Americas will bolster the company’s operations in the western hemisphere, allowing the regionally-based team to oversee the effective management of current and future projects,” said Stephen J Petit, Qatari Diar regional director (Americas) and head of the Washington DC office.

Qatari Diar is currently involved in 49 landmark projects in 29 countries across the Americas, Europe, Middle East, Africa and Asia. The first phase of the City Center DC comprises six buildings with 458 rental apartments and 216 condominiums, in addition to 48,000 square meters of office space and more than 17,000 square meters of retail space.

Qatari Diar Real Estate Investment Company said it will open a regional office in Washington DC later this year to pursue new strategic investments throughout the western hemisphere, Gulf Times reported.

“Qatari Diar’s new regional base will manage existing projects and explore other strategic investments within the region,” Khaled Mohamed Al Sayed, Group CEO of Qatari Diar said. The office will be in the City Center DC complex, Qatari Diar’s flagship North American development currently under completion, in conjunction with Hines. Designed by Foster and Partners, City Center DC is a 148,000-square-meter urban redevelopment in the heart of downtown Washington DC.

Qatari Diar is also a part of the joint venture developing Panama Pacifico on the site of the former Howard Air Force Base in Panama.

The success of the City Center project, together with Qatari Diar ‘s project in Panama, has encouraged Qatari Diar to look for additional opportunities in the Americas, according to Al Sayed.

“The new base in the Americas will bolster the company’s operations in the western hemisphere, allowing the regionally-based team to oversee the effective management of current and future projects,” said Stephen J Petit, Qatari Diar regional director (Americas) and head of the Washington DC office.

Qatari Diar is currently involved in 49 landmark projects in 29 countries across the Americas, Europe, Middle East, Africa and Asia. The first phase of the City Center DC comprises six buildings with 458 rental apartments and 216 condominiums, in addition to 48,000 square meters of office space and more than 17,000 square meters of retail space.